Ecobank The Pan-African bank has announced the appointment of MFS Africa as Digital payment partner enabling cross-platform payment services for Ecobank account holders. The partnership allows Ecobank customers to send and receive money to and from over 170 million mobile money users through an integration with MFS Africa that covers all Telcos in the MFS
Access Bank, Nigeria’s leading commercial bank, has partnered with global technology giant, Microsoft to improve security and banking experience for customers in Nigeria and Africa, as both companies accentuated their commitment to providing custom made products and services that addresses pressing challenges in the banking industry in Africa. This was announced at a meeting between
Papersoft and Integrated Biometrics, in partnership with the Nigerian Interbank Settlement System (NIBSS), are now part of the Financial Inclusion Strategy in Nigeria. This program aims to enroll 70 million unbanked individuals into Nigeria’s formal financial services sector by 2020. Since 2012, Nigeria has been committed to ensuring that most of its population has access
First Bank of Nigeria, in partnership with Clickatell’s Transact division, has commercially launched their Chat Banking channel on WhatsApp. This capability enables FirstBank’s customers to manage their banking needs within their WhatsApp chat with the same efficiency as USSD. Customers can add First Bank’s published WhatsApp phone number or a direct link access the First
First Bank of Nigeria Limited, has been presented with the award of the Best Bank in Nigeria by Global Finance in its World’s Best Banks Award 2018 held on the sidelines of the World Bank/IMF Annual Meetings in Bali, Indonesia. According to Global Finance, “Winners in the World’s Best Banks Awards 2018 were selected based
Winners of the 2018 Ecobank Fintech Challenge were announced at a ceremony held at Ecobank’s headquarters in Lome, Togo on 30th August 2018. Nala, from Tanzania, beat the ten other finalists to emerge as the overall winner of the competition. Virtual Identity from South Africa and Wallet.ng from Nigeria were the first and second runners
Paystack, a Nigeria-based startup providing payments tools to businesses in Africa, has raised $8 million in Series A funding. The round was led by Stripe, and includes Visa, follow-on funding from Tencent and Y Combinator, as well as angel investors Tom Stafford (Managing Partner at DST Global), Gbenga Oyebode (founding partner of Aluko & Oyebode
Rokel Commercial Bank is bringing greater financial inclusion and convenience to participants in Sierra Leone’s economy by launching the mobile banking platform, Sim Korpor. Starting in Freetown, customers with an account at RCB can now enjoy the convenience of making secure offline transactions such as withdraws, deposits, remittances, check balances, transfers, pay utility bills or
Ecobank, the leading independent pan-African banking group, has announced the finalists for the 2nd edition of the annual Ecobank Fintech Challenge, a competition for Africa-focused technology start-ups. The list includes eleven fintech start-ups from across the continent and beyond. An Innovation Fair & Awards ceremony will honour the start-ups on August 30, 2018 at the
In Nigeria, a country of nearly 200 million people, 61% of the adult population is un- or underbanked. Fintech companies like Paylater represent a tremendous opportunity to get formal banking services in the hands of Nigerian consumers to provide much needed liquidity for entrepreneurial investment, personal development, or unexpected expenses. Consumer credit is nearly non-existent
